Savings to Retire

Lifestyle in retirement is an issue that many leave to very late in life consider.

At 4 June 2016 a single retiree would receive an age pension of $22,721.40 and a couple combined would receive $34,252.

These amounts may be subject to reduction depending on each individual’s assets and/or other sources of income.

It makes good sense to plan well ahead to ensure you have a comfortable retirement. Superannuation savings makes good sense because it is tax effective and in retirement pension accounts earnings are generally tax-free.

How much is enough depends on your lifestyle and retirement dreams.